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Business deals

Bank of Yokohama invests in Indonesian lender Perdania

Regional lender and Daido join Resona in supporting client expansion into Southeast Asia

Skyscrapers light up bustling Jakarta. Indonesia's banking sector is drawing investment from some of Japan's biggest lenders.   © Reuters

TOKYO -- Japanese financial institutions Bank of Yokohama and Daido Life Insurance will take stakes in Indonesia's Bank Resona Perdania, which is partially owned by compatriot Resona Bank, positioning themselves to help client companies expand into Southeast Asia's most-populous country.

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